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Allianz starts paying claims for missing Malaysia jet

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Allianz S.E. has started to make payments on claims in connection with the missing Malaysia Airlines passenger jet MH370, The Local.de reported.

The insurer is paying out millions of euros in compensation. A spokeswoman for the company said the airline and families of the missing passengers will receive compensation. The missing plane is believed to be insured for more than $100 million.

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